Economy

Blackstone, the New York-based global asset management firm, has entered the Australian mortgage market after acquiring a majority stake in a leading non-bank lender.

The not-for-profit company that develops data message transaction standards for the Australian mortgage processing industry, LIXI Limited, has appointed Choice CEO Stephen Moore as its new ...

A big four bank has completed the sale of its 20 per cent stake in a Chinese bank.

Tighter lending conditions, cooling property prices and closer scrutiny of living expenses are expected to drive a more prolonged downturn in mortgage lending over the next five years.

Mortgage Choice chief executive officer John Flavell believes that the Royal Commission into the banking sector is yet another example of point scoring by Australia’s major political parties

The dealer group and mortgage aggregator has announced that Angus Benbow will become its new chief executive, commencing in the role in April of next year.

Westpac has announced that it will refund approximately $11 million to thousands of customers after a “system error” that affected home loans as far back as 1993.

Genworth has appointed JP Morgan as its custodian and administrator following a competitive tender process.

A new survey has revealed that a vast majority of Australians believe they are well equipped to make adequate financial decisions.

Standard & Poor’s is not anticipating any “major shifts” in its credit outlook for 2018, acknowledging, however, that the outcomes of the Royal Commission could change its views.